Waystar Holding (WAY) Interest Coverage Ratio (2023 - 2026)
Waystar Holding's (WAY) quarterly Interest Coverage Ratio came in at 3.89 in Q1 2026, up 19.1% year-on-year from 3.27 in Q1 2025, and up 77.98% quarter-over-quarter from 2.19 in Q4 2025.
Waystar Holding (WAY) Interest Coverage Ratio (2023 - 2026) Analysis & Trends
Waystar Holding's Interest Coverage Ratio history runs 4 years deep, the most recent figure standing at 3.89 for Q1 2026.
- On a quarterly basis, Interest Coverage Ratio rose 19.1% year-over-year to 3.89 in Q1 2026; TTM through Mar 2026 was 3.17, a 124.87% increase from a year earlier, with the FY2025 full-year figure at 1.87, up 120.97% from the prior year.
- Interest Coverage Ratio advanced to 3.89 in Q1 2026 per WAY's latest filing, from 2.19 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 18.59 in Q2 2023 and bottomed at 0.16 in Q2 2024.
- The 4-year median for Interest Coverage Ratio is 2.94 (2023), against an average of 3.66.
- Across the five-year window, Interest Coverage Ratio plunged 99.12% in 2024 and soared 2077.48% in 2025, its largest moves.
- Year by year, Interest Coverage Ratio stood at 3.24 in 2023, then decreased by 18.28% to 2.65 in 2024, then dropped by 17.37% to 2.19 in 2025, then jumped by 77.98% to 3.89 in 2026.
- Per Business Quant, the three latest WAY Interest Coverage Ratio figures stand at 3.89 (Q1 2026), 2.19 (Q4 2025), and 3.44 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.81 Bn | 24.49 Bn | 662.02 Mn | 0.94 |
| 2 | BrightSpring Health Services | 14.76 Bn | 13.86 Bn | 482.22 Mn | 2.04 |
| 3 | Healthequity | 8.36 Bn | 8.10 Bn | 256.31 Mn | 4.12 |
| 4 | Hinge Health | 5.91 Bn | 5.60 Bn | 154.23 Mn | 0.80 |
| 5 | 10x Genomics | 5.89 Bn | 5.35 Bn | 106.18 Mn | -0.98 |
| 6 | MiniMed | 4.45 Bn | 4.16 Bn | 480.00 Mn | -8.45 |
| 7 | Waystar Holding | 4.41 Bn | 4.35 Bn | 216.84 Mn | 3.89 |
| 8 | Doximity | 3.93 Bn | 3.18 Bn | 125.97 Mn | 40.30 |
| 9 | Privia Health | 3.10 Bn | 2.68 Bn | - | 0.09 |
| 10 | Omnicell | 1.89 Bn | 1.65 Bn | 140.36 Mn | 1.61 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.89 |
| Dec 31, 2025 | 2.19 |
| Sep 30, 2025 | 3.44 |
| Jun 30, 2025 | 3.55 |
| Mar 31, 2025 | 3.27 |
| Dec 31, 2024 | 2.65 |
| Sep 30, 2024 | 1.47 |
| Jun 30, 2024 | 0.16 |
| Mar 31, 2024 | 0.87 |
| Dec 31, 2023 | 3.24 |
| Sep 30, 2023 | 0.63 |
| Jun 30, 2023 | 18.59 |